We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
World - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Thermostats - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Article Publishing Date: Jan 17, 2024

Best Import Markets for Thermostats

Thermostats are an essential component of heating, ventilation, and air conditioning (HVAC) systems, providing control and regulation of temperature levels. As global demand for energy-efficient and smart HVAC solutions continues to rise, the import market for thermostats has experienced significant growth. In this article, we will explore the top import markets for thermostats, backed by key statistics and data from IndexBox market intelligence platform.

1. United States - $1.2 Billion in 2022

The United States is the largest import market for thermostats, with an import value of $1.2 billion in 2022. The country's robust construction industry and increasing focus on energy-efficient HVAC solutions have contributed to the high demand for thermostats. The growing adoption of smart home technologies and regulations promoting energy conservation have further fueled the import market for thermostats in the United States.

2. Germany - $518.4 Million in 2022

Germany ranks second in terms of import value for thermostats, with a market worth $518.4 million in 2022. The country is known for its advanced industrial sector and emphasis on sustainability. Germany's commitment to reducing energy consumption has driven the demand for energy-efficient thermostats, resulting in a substantial import market.

3. China - $359.7 Million in 2022

China is one of the fastest-growing import markets for thermostats, with an import value of $359.7 million in 2022. The country's booming construction industry, rapid urbanization, and increasing middle-class population have contributed to the growing demand for HVAC systems, including thermostats. Moreover, the Chinese government's focus on improving energy efficiency in buildings further drives the import market for thermostats.

4. France - $239.5 Million in 2022

France holds a significant position in the import market for thermostats, with an import value of $239.5 million in 2022. The country's well-developed infrastructure, emphasis on sustainable construction practices, and stringent regulations for energy-efficient buildings have created a favorable environment for the import of thermostats. The increasing adoption of smart home technologies has also contributed to the demand for advanced thermostat solutions in France.

5. United Kingdom - $220.0 Million in 2022

The United Kingdom is another prominent Import market for thermostats, with an import value of $220.0 million in 2022. The country's focus on reducing carbon emissions and promoting energy-efficient buildings has driven the demand for thermostats. The widespread implementation of smart heating and home automation systems has further boosted the import market for thermostats in the United Kingdom.

6. Mexico - $192.7 Million in 2022

Mexico has emerged as a significant import market for thermostats, with an import value of $192.7 million in 2022. The country's construction industry, growing urbanization, and increasing awareness about energy conservation have led to a surge in demand for HVAC systems, including thermostats. The Mexican government's energy-efficiency programs and initiatives have also played a crucial role in spurring the import market.

7. Italy - $174.1 Million in 2022

Italy represents a thriving import market for thermostats, with an import value of $174.1 million in 2022. The country's focus on sustainable construction practices, stringent energy-efficiency regulations, and growing adoption of smart home technologies have contributed to the demand for advanced thermostats. Italy's flourishing tourism industry also drives the need for energy-efficient HVAC systems, further fueling the import market for thermostats.

8. Hong Kong SAR - $155.4 Million in 2022

Hong Kong SAR has established itself as a significant import market for thermostats, with an import value of $155.4 million in 2022. The region's rapid urban development, high demand for intelligent building systems, and commitment to environmental sustainability have created a favorable market for thermostats. The increasing urban population and rising income levels have further propelled the demand for energy-efficient HVAC solutions in Hong Kong SAR.

9. Canada - $148.5 Million in 2022

Canada holds a prominent position in the import market for thermostats, with an import value of $148.5 million in 2022. The country's cold climate and extensive use of HVAC systems have driven the demand for thermostats. Canada's focus on energy conservation and sustainable building practices has also contributed to the import market. Additionally, the Canadian government's initiatives to promote energy-efficient technologies have further stimulated the demand for thermostats.

10. Netherlands - $135.1 Million in 2022

The Netherlands completes the list of top import markets for thermostats, with an import value of $135.1 million in 2022. The country's advanced construction industry, focus on energy efficiency, and widespread implementation of smart technologies have created a favorable market for thermostats. The Dutch government's initiatives to promote sustainable building practices and reduce carbon emissions have further propelled the demand for energy-efficient HVAC systems, including thermostats.

In conclusion, the import market for thermostats is experiencing significant growth worldwide due to increasing demand for energy-efficient and smart HVAC solutions. The United States remains the largest import market, followed by Germany, China, France, and the United Kingdom. Other notable import markets include Mexico, Italy, Hong Kong SAR, Canada, and the Netherlands. These countriescommitment to sustainability, stringent energy regulations, and growing adoption of smart home technologies have played a pivotal role in driving the demand for thermostats. The data presented in this article is sourced from IndexBox market intelligence platform, a comprehensive database providing valuable insights and statistics on various industries and markets.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global thermostat market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 26517015 - Electronic thermostats
  • Prodcom 26517019 - Non-electronic thermostats

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

Recommended posts

Mexico's Export of Thermostats Reaches Record $574M in 2023
Apr 10, 2024
Eye 66
Decrease in Hong Kong's Thermostat Export Reaches $12M in October 2023
Jan 3, 2024
Eye 159
Import of Thermostats From South Africa Soars to $1.4M in July 2023
Oct 24, 2023
Eye 235
Price of Mexican Thermostats Increases by 5% to $6.4 per Unit
Jul 18, 2023
Eye 236
Free Data: Thermostats - World
Table
Thermostats - World - Table
Dashboard
Thermostats - World - Dashboard
Report
Thermostats - World - Report